Check out: Top chart picks by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi of www.investworks.in give top pick for the day.

Sudarshan Sukhani of s2analytics.com
A lot of midcap stocks are buzzing about, one of them is Punj Lloyd. I would suggest consider buying it today. Punj Lloyd has rallied, after the rally it went into a trading range. This is a classic sign of a rally, trading range, consolidation and a resumption of the rally. We will assume that this consolidation is breaking on the upside and would lead to resumption. Because markets can be choppy buy it only if you see some kind of strength in the broad market but it seems like a trade worth taking on the long side.
Markets are choppy and in choppy markets it is possible to go short. Look at the option of selling Mcleod Russel today. The stock is in some kind of a downtrend and that downtrend stopped when it went into a consolidation. Yesterday that consolidation has again broken on the downside, so we have a range breakdown. That tells us that lower levels are coming probably below Rs 300. So consider going short in Mcleod Russel. Short selling is done only by professional traders, so please use stop losses. SP Tulsian, sptulsian.com Escorts now ruling at Rs 66 and can be bought with a view of about a week to 10 days for a price target of Rs 71-72 because the company has posted good March quarter number which is its second quarter where in the profit after tax has been at about Rs 37 crore. This higher PAT has come largely because of the tax reversal but even if we take the call for first six months performance of the company where EPS of Rs 5.50 has been posted by the company, can make the company to post EPS of close to Rs 10 in double digit for whole of FY13 which is going to get liked by the market and ahead of the normal monsoon expected the tractor sales are going to be quite good which will be seen quite positive for the company and this makes the stock short-term buy at the current levels. Amit Trivedi of www.investworks.in Zee Entertainment can be bought at around Rs 248 and place a stop loss of Rs 241 and aim for a target of Rs 260. United Phosphorous can be bought at Rs 150 for a target of Rs 165 and keep stop loss at Rs 143.